UAE, Türkiye hold first strategic council meeting in Ankara
The meeting is held during His Highness' state visit to Türkiye.
The two sides explored opportunities to deepen collaboration across a broad range of strategic sectors aligned with their respective national priorities and shared interests, particularly under the framework of the UAE-Türkiye Comprehensive Economic Partnership Agreement (CEPA).
The discussions also reviewed progress in bilateral relations, with a focus on key areas such as the economy, trade, technology, industry, renewable energy, and food security.
Both sides discussed regional and international developments, emphasizing the importance of diplomacy and dialogue in resolving conflicts and promoting peace in the Middle East.
The UAE leader said the establishment of the Strategic Council reflects the strength of UAE-Türkiye ties and their shared commitment to growth, stability, and long-term cooperation.
For his part, Erdoğan welcomed the UAE delegation and affirmed Türkiye's readiness to deepen strategic relations with the UAE.
A luncheon was held in honor of the UAE President and his accompanying delegation, which included senior ministers and officials.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Zawya
19 minutes ago
- Zawya
Emirates Islamic reports $506mln net profit in H1 2025
DUBAI - Emirates Islamic has announced its financial results for the first half of 2025, reporting a net profit of AED1.863 billion, marking a 12 percent increase compared to the same period last year. The bank reported a record AED2.2 billion profit before tax in the first half of 2025, reflecting strong growth momentum. Total income rose 9 percent year-on-year to AED2.9 billion, driven by continued expansion in both funded and non-funded income streams. Total assets increased by 24 percent to AED138 billion, while customer financing rose 13 percent to AED80 billion. Customer deposits showed exceptional growth, rising 27 percent to AED97.4 billion. Current and Savings Account balances represented 65.5 percent of total deposits. These results highlight Emirates Islamic's position as one of the UAE's leading Islamic banks. The bank reported a Common Equity Tier 1 ratio of 17.4 percent and a capital adequacy ratio of 18.5 percent, underscoring its strong capital position. The Headline Financing to Deposit ratio stood at 82 percent, within the management's target range.
The National
19 minutes ago
- The National
Arab and Islamic nations condemn Israeli Knesset's approval of motion on West Bank annexation
Arab and Islamic countries, including the UAE, have condemned in the strongest terms the Israeli Knesset's approval of a motion calling for the imposition of so-called 'Israeli sovereignty' over the occupied West Bank. The non-binding vote in Israel's parliament, the Knesset, was backed by members of Prime Minister Benjamin Netanyahu's right-wing coalition, as well as some opposition lawmakers. The move is "a flagrant and unacceptable violation of international law and a flagrant violation of relevant Security Council resolutions," the UAE, Bahrain, Egypt, Indonesia, Jordan, Nigeria, Palestine, Qatar, Saudi Arabia, Turkey, the Arab League, and the Organization of Islamic Cooperation said in a joint statement. Israel has no sovereignty over the occupied Palestinian territory, they said, adding that "this unilateral Israeli action has no legal effect and cannot alter the legal status of the occupied Palestinian territory, particularly East Jerusalem, which remains an integral part of that territory." They also emphasised that such Israeli measures "will only fuel the growing tension in the region, exacerbated by the Israeli aggression on the Gaza Strip and the resulting humanitarian catastrophe."
Gulf Business
19 minutes ago
- Gulf Business
Raki Phillips steps down as RAK Tourism chief for Accor post
Raki Phillips (CEO of RAKTDA) is taking on a new leadership position at Accor. One of the UAE's most prominent tourism figures, Raki Phillips, is set to leave his role as CEO of Ras Al Khaimah Tourism Development Authority (RAKTDA) and take on a major new leadership position at hospitality giant Accor. From November 2025, Phillips will become regional president for Accor's Premium, Midscale & Economy (PME) division across the Middle East, Africa and Türkiye. He succeeds Paul Stevens, whose tenure with Accor spans nearly three decades. Phillips brings over 20 years of experience in global hospitality and destination development. During his six years at RAKTDA, he helped transform the northern emirate into one of the region's fastest-growing and most progressive tourism destinations. Under his watch, Ras Al Khaimah tripled its tourism revenues, expanded international air connectivity, secured the landmark Wynn Resorts deal – the largest foreign direct investment in the emirate – and launched wide-ranging sustainability initiatives. READ MORE: Prior to his role in government, Phillips held senior roles at Fairmont Raffles Hotels International, where he supported the ramp-up of high-profile properties including the Fairmont, Raffles and Swissôtel Makkah Complex. His earlier experience includes time with Ritz-Carlton and Universal Studios Orlando, giving him a well-rounded view of both luxury operations and global entertainment-led hospitality. Accor's CEO for the PME division in the Middle East, Africa & Asia Pacific, Duncan O'Rourke, described Phillips as a 'rare combination of commercial agility, regional knowledge, and purpose-led leadership,' adding that his appointment is key to strengthening Accor's local leadership across the region. Phillips will now oversee a network of over 250 hotels across 27 countries, with more than 85 properties in the pipeline. He will be based in Dubai and manage a diverse brand portfolio including Swissôtel, Pullman, Mövenpick, Novotel, Mercure and ibis. His arrival comes at a time of momentum for Accor, with more than 350 hotels and 92,000 rooms across the region, and a development pipeline of over 140 hotels. Key markets such as the UAE, Egypt and Saudi Arabia continue to drive performance and investor interest.
